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Home > Finance > Investing > Pay off your Mortgage in just one year from cheap Property for sale in Bulgaria
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Pay off your Mortgage in just one year from cheap Property for sale in Bulgaria
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If you have not already heard about the amazing profitable potential of cheap property for sale in Bulgaria, then read on..
It has been proven by many property developers in the last year that
£5,000 spent on an initial purchase with some minor modernisation to
the building, will at todays prices sell on the open Bulgarian market
for around £45,000, Making you approx £30,000 profit from only one
property transaction.
Most people these days can afford the expenditure of £5,000 for a
second property abroad especially if the profit potential is to secure
their financial future or give them that dream second property abroad.
If you think this profit margin is unachievable, Channel 5 recently ran
a popular property investment programme called buying a property
abroad, which followed a property investor from the UK who done exactly
what is set out in this article.
He purchased five properties, modernised all the properties over a
period of eleven months. This property investor after only eleven
months made an astonishing £130,000 profit.
Now if you were to buy four properties of similar size and in similar
areas you could look to spend £20,000 . By using the profit made on
your first property sold to modernize the second and third property,
you could then look to achieve altogether £60,000 profit once sold.
Add on the profit, made on the first property and finishing your long
term goal with the fourth property, you could easily achieve £100,000
plus profit in less than twelve months.
Bulgaria as a European state has just been officially accepted into the
European Union which will start on January 2007. Behind the scenes of
Bulgaria, the property market has been showing incredibly hikes in
property prices over the last three years. This is due to inward
investment from tourism and many thousands of people visiting the
country taking advantage of the incredibly low property prices
currently on the Bulgarian market today.
You may say to yourself at this stage, why do not all Bulgarians do this?
Bulgaria is still relatively a poor country at the moment, the average
wage is about 250 euros a month. A vast majority of the property being
sold in Bulgaria at present is to tourists and foreign investors. This
current economic climate is set to change dramatically after they join
the EU next year when the average wage level will dramatically increase
providing the opportunity for Bulgarians to purchase property through
their own Bulgarian mortgage services.
As you can see, the time is right now to get in and reap the profit
potential from buying and selling on cheap bulgarian property to
tourists, overseas investors and Bulgarians in the near future.
If buying and renovating properties abroad is not your idea of fun, why
not consider taking advantage of the cheap Bulgarian apartment prices
on the coastal regions and ski resorts of Bulgaria. These brand new,
exclusive apartments cost an average of £15,000 upwards with property
investment experts predicting these apartments to gain the same
profitable margins of the inland property prices by next year of
atleast £45,000 by the end of 2007, but without all the hassle of
buying properties and modernising them.
If you are interested in sourcing cheap bulgarian property or just want
to know more about this incredibly profit potential opportunities -
visit our site today in my resource box below.
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